On 20th October 2022, MultiBank Group, one of the top global online financial institutions, made public the issuance of its two new regulatory permits. These permits were licensed by the Securities and Commodities Authority (SCA) of the United Arab Emirates and the Monetary Authority of Singapore (MAS).
These new permits earned the Group the title 'most regulated broker in the world.' The Group is set to take the financial market by storm in the coming days.
Details of Multibank's New Permits
Over the years, the Group has sustained its unmatched regulatory record throughout its arms across the globe. The Group is currency under the supervision of 11 market regulators in different countries.
These new permits further expand the Group's regulatory armory. The Group is licensed across the globe by the following regulators:
The Australian Transaction Reports and Analysis Centre (AUSTRAC)
The Australian Securities and Investments Commission (ASIC)
The Cayman Islands Monetary Authority (CIMA)
The Federal Financial Supervisory Authority (BaFin) of Germany
Naser Taher, the founder and current chairman of Multibank Group, expressed the Groups excitement of its new acquisition by stating, "We are happy to publicize the opening of the newly licensed businesses subject to MAS and SCA regulation today. We will keep working on advancing regulatory standards that improve our clientele’s trading experience ." He further emphasized that the firm's regulatory status is a groundbreaker in the financial market. Hence, their increasing clientele.
While enjoying exceptional growth in all business spheres and achieving record-breaking feats, MultiBank Group has secured its reputation as the world's top broker in terms of trading technologies, customer service, and regulatory permits. The firm has undoubtedly paid its dues in the financial market, and it deserves its accolades.
About MultiBank Group
The Group was founded in the United States of America in 2005. The company offers trading platforms as high as 500:1 leverage on many of its service offerings. It also has a clientele of over one million in at least 90 countries across the globe.
MultiBank Group offers its traders the opportunity to trade assets and shares. The Group also ranks as the financial firm with the best fund security as it affords traders a full day withdrawal guarantee and a unique excess loss insurance program.
According to recent financial statistics, the Group has a current paid-up capital of over $322 million. The firm has also experienced a surge in trading volumes, with a record turnover of more than $12.1 billion daily. The Group has undoubtedly created a reputation for itself in the financial market.
